Revenue was up in the quarter, obviously the higher gold price helped quite a bit. Again, cash costs have been frustratingly high. It's predominantly a function, probably 50/50 of the lower grade and then higher labor and consumable rates that we are all facing in the industry but again, notwithstanding, that 12,000 ounce number, we expect to see increase. We were profitable and did generate reasonable cash flow during the quarter.Gold production, as I said, was just over 12,000. We sold 12,300 ounces. Net profit was modest but again it gives you an idea about what we can accomplish going forward as production increases.
Claude Resources CEO Discusses Q2 2012 Results - Earnings Call Transcript
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